What is a Business account?

Business account is a bank account or type of bank account used for firms, business transactions rather than personal ones.

A business account is arguably the most versatile of all business bank account types because it has the fewest restrictions on what you can do with your money.

At first glance, a business account doesn't seem that different from a personal checking account. Both allow you to make deposits and withdrawals, draft checks or make payments, and make purchases and cash withdrawals with cards